Depozitarul Central

Name

Depozitarul Central

Legal name

Depozitarul Central S.A.

Website

https://roclear.ro

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Central Securities Depository Services

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

National CSDs & Domestic Settlement Systems (FSAFAGAA)

Keywords

• Central securities depository
• Securities settlement services
• Corporate action processing
• LEI code allocation
• Shareholder register maintenance

Headquarters

HQ city

Bucharest

HQ country

Romania

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Personnel, Infrastructure, Operations, Others

Revenue model

1. Settlement and Clearing Fees: Fees charged for the clearing and settlement of securities transactions through the RoClear system
2. Corporate Action Processing Fees: Fees for processing corporate events including dividend payments, rights issues, and other corporate actions
3. LEI Code Services: Fees for LEI code allocation (338.84 RON), renewal (225.62 RON), with free transfer and update services
4. Account Services: Fees for account statements, account history, and account summary issuance for individual and legal entity holders
5. Transfer Services: Fees for transfer operations including transfers for cause of death and between relatives

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Depozitarul Central operates Romania's sole authorized central securities depository (CSD), providing post-trade infrastructure including securities registration, settlement (net and gross in both RON and EUR), clearing, safekeeping, shareholder register maintenance, and standardized corporate action processing. The company also operates as a GLEIF-accredited Local Operating Unit for Legal Entity Identifier (LEI) code issuance and management for Romanian legal entities. It serves listed issuers, authorized financial institution participants, public notaries, and individual investors through its RoClear settlement system, Online Services Platform, and participant agent network.

Product overview

Depozitarul Central operates Romania's central securities depository infrastructure, managing the full post-trade lifecycle for the Romanian capital market. The core product is the RoClear system, which provides securities registration, settlement (net and gross), clearing, shareholder register maintenance, and standardized corporate actions processing. The RoClear T2S module extends services to euro-denominated settlement via the ECB's TARGET2-Securities platform. Supporting products include the Online Services Platform for investor self-service (account management, IBAN registration, eVote participation), LEI code services for Legal Entity Identifier issuance and management, and direct transfer services for inheritance and family-related ownership changes. The RoCoApp application enables issuers to submit corporate actions electronically. The company also processes shareholder identity disclosures under SRDII and provides statistical reporting on settlement activity.

Differentiator

Problem solved

Functional benefit

Brands

• RoClear: Settlement system for the Romanian capital market operated by Depozitarul Central
• RoCoApp
• eVote

Products and services

• RoClear Settlement System

Quantifiable outcome

• Settlement on T2S platform reaching 14,452 transactions in October 2024, the highest monthly volume recorded
• +2 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration12 records

Feature5 records

Partnerships

Ten partnerships are on record, tiered core and moderate.

• Eurosystem / European Central Bank (ECB)coreStrategic or Co-development Partner · 1 June 2015Depozitarul Central obtained authorization from the Eurosystem to participate in the T2S platform (Target2-Securities) in June 2015, as one of the first group of CSDs to migrate to the pan-European settlement platform. The ECB developed T2S together with the 17 national central banks of the euro area.
• Centrul National de Administrare a Registrelor Nationale Notariale (CNARNN)coreStrategic or Co-development PartnerPartnership with the National Center for Managing National Notarial Registers, under the authority of the National Union of Public Notaries from Romania. This collaboration facilitates efficient operations for transferring ownership rights over financial instruments in cases of succession, enabling notaries to obtain account summaries and ensuring faster transfer of financial instruments to heirs.
• GLEIF (Global Legal Entity Identifier Foundation)coreStrategic or Co-development PartnerDepozitarul Central is authorized by GLEIF as a Local Operating Unit (LOU) for issuing and managing LEI codes for Romanian legal entities. This accreditation enables the company to support regulatory compliance for entity identification in financial transactions.
• Autoritatea de Supraveghere Financiara (ASF)coreStrategic or Co-development PartnerASF (Financial Supervisory Authority) is the competent authority that authorized Depozitarul Central under CSDR. The company operates under ASF regulation along with BNR and ECB as relevant authorities.
• Banca Nationala a Romaniei (BNR)coreStrategic or Co-development PartnerBNR (National Bank of Romania) is the central bank and one of the relevant authorities that authorized Depozitarul Central under CSDR. BNR coordinates the TARGET2-Securities National User Group (T2S-RONUG) for Romania.
• Governance Partners (eVote)coreTechnology or IntegrationPartnership with Governance Partners for the eVote platform, which provides complete solutions for conducting electronic General Shareholder Meetings. Investors can use their Depozitarul Central online account credentials to participate in AGMs through the eVote platform.
• SWIFTcoreTechnology or IntegrationDepozitarul Central uses SWIFT messaging for communication with participants regarding standardized corporate actions processing, supporting both ISO 15022 and ISO 20022 message formats.
• Bursa de Valori Bucuresti (BVB)coreStrategic or Co-development PartnerBVB (Bucharest Stock Exchange) is the primary regulated market served by Depozitarul Central. The two entities collaborate on market infrastructure, and the company is part of the BVB Group (Grup BVB) as indicated in website copyright.
• ECSDA (European Central Securities Depositories Association)coreStrategic or Co-development PartnerDepozitarul Central is a member of ECSDA and hosted the association's Annual General Assembly in May 2019. ECSDA brings together European CSDs to promote harmonization and best practices.
• AMI-SeCo (Advisory Group on Market Infrastructure for Securities and Collateral)moderateStrategic or Co-development PartnerAMI-SeCo is a working group formed from representatives of central banks, CSDs, central counterparties, and European capital market participants. Depozitarul Central participates in the national T2S-RONUG user group coordinated by BNR.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Euroclear: Euroclear is Europe's largest international central securities depository operating across multiple European markets. It directly competes with Depozitarul Central for cross-border settlement on the same T2S platform for Romanian securities.
• SIX SIS: SIX SIS is the Swiss central securities depository operated by SIX Group, providing settlement and custody for Swiss and international securities. It is comparable as a non-euro CSD with T2S-adjacent connectivity and full post-trade service range.
• Iberclear: Iberclear is the Spanish central securities depository operated by BME (now part of SIX), providing settlement, registration and custody for Spanish securities and connected to T2S. It is a peer in EU CSD regulatory framework and service offering.
• CDCP (Centrální depozitář cenných papírů): CDCP is the Czech central securities depository serving the Prague Stock Exchange with settlement, registry and LEI-equivalent services. It is a comparable CEE CSD of similar scale and regulatory profile to Depozitarul Central.
• Clearstream: Clearstream (Deutsche Börse Group) is one of Europe's two major international CSDs providing settlement, custody and asset servicing across the eurobond and equity markets. It is a primary competitor for cross-border and euro-denominated settlement routed through T2S.
• Monte Titoli: Monte Titoli is the Italian central securities depository (part of Euronext Group / BFF Banking Group historically), providing post-trade infrastructure for the Milan Stock Exchange with T2S connectivity. It is a comparable European CSD in scope and regulatory standing.
• KELER: KELER is the Hungarian central securities depository and clearing house providing settlement and custody for the Budapest Stock Exchange, including T2S connectivity. It is a directly comparable CEE CSD in scope of services and market type.
• Central Securities Depository (Bulgaria): The Bulgarian CSD (part of the Bulgarian Stock Exchange Group) is the post-trade infrastructure for the Sofia Stock Exchange with T2S connectivity. It is a closely comparable CEE CSD in market size, EU regulatory regime and product set.
• KDPW (Krajowy Depozyt Papierów Wartościowych): KDPW is the Polish central securities depository, operating settlement, custody and post-trade services for the Warsaw Stock Exchange and connected to T2S. It is the closest regional peer in market structure, products and CSDR/AMI-SeCo alignment.

Emerging players

• Nasdaq CSD (formerly NCSD Iceland / Nasdaq Iceland): Nasdaq CSD operates smaller European CSDs in the Nordics and Baltics, providing settlement and custody services. It is comparable as a smaller-market CSD operating within the same EU regulatory and T2S ecosystem as Depozitarul Central.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/ROMANIA_CSD
• LinkedInlinkedin.com/company/depozitarul-central

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Depozitarul Central